Bill Beach Testifies Before Joint Economic Committee

Bill Beach, director of the Center for Data Analysis at The Heritage Foundation, makes his opening remarks before the Joint Economic Committee of Congress at a hearing about the economic stimulus package on Jan. 16, 2008.

Category:

News & Politics

Tags:

• economic
• stimulus
• bill
• beach
• heritage
• foundation
• congress
• recession

[nwo5000]

the economic stimulus package looks to good to be true.Where is the money comming from?Probably the government stoled money from Iraq.I stopped beleiving in the government along time ago.I suggest you all to stop buying in the US.

[juanpinchame]

for a stimulus, what about of No taxes for the companies and to enslave all of us so the companies doesnt have to pay for labor MR.Beach ?

[juanpinchame]

the only positive think about this bla, bla is we can sense that even the politicians are getting tired of these harvard economists

[Bunny456]

I agree completely. It is no mistake that housing prices are falling and millions are defaulting. It's an investment opportunity. Smart people are buying cheap property right now. It's exactly the same thing that happened at the business level in 1929.

[onlyfreepress]

Oh great, another economic "stimulus package" that we will end up paying for later. How about eliminating the IRS and the income tax and seeing how much that stimulates the economy! Ron Paul for president. Donate today!

[dudemane666]

The entire system is in perfect control if you look at it from the perspective of the people who created this debacle. They will financially ruin millions of Americans and then swoop in and buy up everything for pennies on the dollar just like in 1907, 1913,1923, 1929, etc. The international banks and the European cartels they represent are busy buying up American infrastructure, public lands and soon private lands too. Americans will not only be broke but landless and homeless.

[Bunny456]

The entire system is snowballing out of control. The combination of greedy mortgage brokers, greedy bankers and irresponsible or ignorant buyers has created a situation in which loans are being approved for as many people as humanly possible. Once the buyer has signed on the line, the broker collects his money and his hands are clean. Default or not, he gets paid and will suffer no consequence. Just be patient though, this has investment opportunity written all over it.

[AJAX556]

And who was it that told the mortgage companies to approve all these sub-prime loans?

[nolomorte]

blah blah blah wow exciting.

[RancidAyatollah]

"should let the federal reserve lead the effort to stabalize economic activity"

BULLSHIT!

The Federal Reserve is the cause of this economic disaster!

Same old crap that will only profit the Federal Reserve and not Americans